India, Indonesia Agree to Address Trade Barriers
Jakarta. India and Indonesia have agreed to address technical trade barriers, according to Chief Economic Affairs Minister Airlangga Hartarto.
Airlangga recently met with Indian Commerce and Industry Minister Piyush Goyal on the sidelines of the India-Indonesia CEOs forum in New Delhi. The forum was part of President Prabowo Subianto’s visit to India as the chief guest on New Delhi’s Republic Day.
According to a press release, Airlangga and Goyal discussed bolstering bilateral trade ties, including addressing various trade barriers, be it licenses, quotas, non-tariff measures, and customs procedures, among others. Government data shows India-Indonesia trade totaled $27 billion and saw a 20.54 percent growth between 2019 and 2023. The talks also touched on issues related to Indonesian palm oil and coal exports to India. The ministers also discussed the safeguard or quantitative restrictions on Indonesian low ash metallurgical coke.
“We have agreed with India to assign a technical team to address all [trade] issues on the technical level, and hold another bilateral meeting in mid-February in New Delhi,” Airlangga was quoted as saying in a press statement.
“Hopefully, this concrete step can bolster Indonesian export [to India] and beef up bilateral trade,” Airlangga said.
The ministers also discussed strengthening trade ties through various international mechanisms, be it the G20, ASEAN-India, and the Indo-Pacific Economic Framework (IPEF).
Tags: Keywords:
as a preferred
Related Articles
Indonesia, Russia Seek Deeper Trade and Industrial Ties
Indonesia and Russia are seeking deeper trade, investment and industrial ties as bilateral trade rises 21.6% to $4.84 billion in 2025.
'MSCI is Not Always Right’: Indonesia Tells Investors to Calm Down
Senior deputy economy minister says "not everything that MSCI does is beneficial for investors" as Indonesian stocks plunge.
Indonesian Stocks End at 2026 Low After Losing 11.57% on MSCI Warning
Indonesian stocks lost 11.57% to hit a new 2026 low as MSCI's reclassification warning rattled investor confidence.
Indonesia Surprised by MSCI Downgrade Despite Bangkok Talks
Senior minister Airlangga Hartarto admitted that the Indonesian government was taken aback by MSCI’s latest announcement.
Indonesia Waives Import Duties on Plastic Raw Materials for Six Months
Indonesia cuts import duties on selected plastic raw materials to 0% for six months as global prices surge.
Airlangga Urges Indonesia to Catch Up With Vietnam in Digital, AI Industries
Indonesia needs to accelerate digital, semiconductor and AI industries to catch up with Vietnam and achieve its 8% growth target.
Prabowo Adds 6% Mortgages, Expands Worker Tax Relief in 2027
Indonesia will offer 6% mortgages to salaried workers and expand tax relief as the government extends economic incentives into 2027.
Airlangga Highlights Market Diversification, Global Competitiveness for Furniture Industry
Airlangga urges Indonesia’s furniture industry to diversify export markets, strengthen global competitiveness and tap international demand.
Airlangga Says Indonesia Won’t Face US Tariffs Over Russian Oil
Airlangga says Indonesia won’t face US tariffs over Russian oil bought within an allowed window.
Indonesia’s Textile Sector Employs 4 Million with Room for Further Expansion
Indonesia’s textile industry employs around 4 million people and generates $12 billion in annual exports.The Latest
UN Boss Wants to Fix Security Council as Indonesia Seeks Seat
Outgoing UN chief Guterres says the current permanent member setup at the Security Council fails to reflect today's realities.
Saudi Flagship Investment Conference Pushed to 2027 after Houthi Attacks
The annual Future Investment Initiative (FII), often dubbed "Davos in the Desert", was originally scheduled to take place from October 26-29
Government Sets Aside Rp 1.3 Quadrillion for Final-Quarter Spending
Government spending has reached Rp 2.66 quadrillion, equivalent to 69.2% of the full-year budget target of Rp 3.84 quadrillion.
Indonesia Probes 98 Corporate Wildfire Cases, Including Possible Foreign Links
Police investigate 98 corporate-related wildfire cases, including possible links to investors from neighboring countries.
Students Plan Jakarta Protests to Mark Two Years of Prabowo's Presidency
Police have advised the public to avoid areas around the House of Representatives complex, the National Monument and the State Palace.Most Popular
